BLAGOEVGRAD BT AD
CASH FLOW STATEMENT
for the year ended 31 December 2006
	Notes		2006		2005					ref.
			BGN '000		BGN '000
Cash flows from operating activities
Cash receipts from customers			858 185		664 440	#REF!	#REF!			1		*
Cash paid to suppliers			(120 050)		(140 484)	#REF!				2
Cash paid to employees and for social security			(31 339)		(35 147)	#REF!			#REF!	3
Taxes paid (except income taxes)			(641 689)		(427 421)	#REF!			4829	5
Income taxes paid			(3 770)		(3 272)					4
Taxes refunded			14		1 289					6
Foreign currency exchange gains/(losses), net			(460)		(249)					14
Interest and bank charges paid			(816)		(838)					8
Interest received			690		48					7		*
Other proceeds/(payments), net			(242)		(517)					16
Net cash flows from operating activities			60 523		57 849	#REF!
Cash flows from investing activites						#REF!
Purchases of property, plant and equipment			(13 093)		(17 870)	#REF!				13
Proceeds from sales of tangible fixed assets			1 748		51							*
Dividends received			-		2
Interest received on short-term deposits			450		60							*
Net cash flows used in investing activities			(10 895)		(17 757)	#REF!
Cash flows from financing activities						#REF!
Proceeds from long-term bank loans			-		13 846
Proceeds from short-term bank loans			3 236		16 632					10
Repayments of long-term bank loans			(6 656)		(3 600)
Repayments of short-term bank loans			(15 000)		(23 233)					12
Dividents paid			(12 512)		(7 920)	#REF!		#REF!		11
Interest paid on investment purpose loans			(343)		(341)
Finance lease liabilities paid			(107)		(107)
Tantiemes paid			(19)		-
Net cash flows used in financing activities			(31 401)		(4 723)
Net increase/(decrease) in cash and cash equivalents			18 227		35 369	#REF!	#REF!
Cash and cash equivalents at 1 January			43 765		8 396	#REF!
Cash and cash equivalents at 31 December	22		61 992		43 765	#REF!
The accompanying notes on pages 5 to ….. form an integral part of these financial statements.
Executive Director:
(Petar Papucharov)
Chief Accountant (preparer):
(Borislava Bacheva)
This is a translation from Bulgarian of the financial statements of Blagoevgrad BT AD for 2006.